From flipping write.com to transcribe.com Insha Zahid got started early in domaining. He was kind enough to take some time for an interview.
1) How old were you when you first started investing in domain names?
I started my journey back in 2015 when I was 17 years old. The age on my Namepros account is incorrect though. @NetworkPearl
2) What attracted you to domain investing?
I have had an avid interest in everything related to technology, computer etc from a very young age.
I was doing different online tradings such as flipping e-commerce products and even purchasing and selling software keys from the very young age of 13/14. This was sort of a hobby.
I was always into finding new ways of making money online and then I stumbled onto the world of domains. Initially, I watched videos on YouTube, udemy and then made an account on namepros and met all of the awesome people here.
My first domain sale was the very first domain I purchased. I had bought a geo domain investing course from a user on here which really benefited me.
I sold HoustonSwimSchool.com for $320 to an end-user through outbound marketing. I had bought it for only $10 an hour ago! This pretty much got me hooked.
3) Did you have a certain amount put aside to start investing, or did you finance purchases on a credit card?
Initially I think I had a few hundred dollars to invest in. The budget started to increase as I was selling domains. I was paying through PayPal/Payoneer initially.
Once I starting trading in big amounts I made a bank account etc.
4) What is your strategy for investing, I understand you look to flip more than hold for the long term?
Indeed, I only have a few 1 word domains like Occasion.com for long term holding.
I believe holding for a long term is only worth it if you own 500+ good quality domains. Also, each domain should have at least $100 value in the aftermarket. I don’t like made up hand reg names. My advise would be to not handreg domains.
Instead try to find cheap deals(below market value) and flip them to investors or end users through outbound efforts.
5) What was your best flip?
I have numerous. Smaller.com this was my first 5 fig flip. Smaller.com was bought for 2k and sold for around 11k in a few days. The domain was purchased privately and sold to another investor through a broker.
I would also like to mention write.com which was bought for high 5 figs and sold for 185k-190k to another investor the same week in NOV 2019. This was my first 6 fig flip.
Transcribe.com purchased for $28,000 and sold for $50,000
6) How has the pandemic affected your ability to do quick flips?
Honestly, It hasn’t effected at all. In fact I am doing much better.
7) Do you do a lot of outbound or just buy low and field inbound offers?
I don’t do much outbound anymore but when I do its usually for geo+service domains.They are great to start with. I buy them for xx and sell for 200-600.
Whosoever wants to make quick money and have low budget, geo domains+outbound marketing is the best strategy.
For generic and liquid domains, I have several contacts or I list them on auction houses.
8) What are your favorite marketplaces to buy and sell?
I think Godaddy and Namejet would be the best but the prices usually get too crazy so I would say the best method is to go for private deals.
Thank you for your time.